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U.S. States Beg, Borrow and Cut to Close Massive Budget Gaps
It’s crunch time for U.S. states as they face their worst fiscal crisis in decades brought on by the Covid-19 ... news and insight around the world. ... Borrow and Cut to Close Massive Budget Gaps. Read More
States brace for massive budget gaps in coronavirus recession - The Hill
States brace for massive budget gaps in coronavirus ... Rhode Island has been forced to borrow $300 million just to meet ... “Rainy day funds today are a real success story for states. Read More
As Pandemic Wrecks Budgets, States Cut and Borrow to Balance Books
As the virus devastates tax revenues, states must follow balanced-budget laws. In February, Ohio was running a $200 million budget surplus. Then the coronavirus pandemic struck, and two months ... Read More
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